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Find instructions on how to file the financial statement long form in the courts Rule 401 of the massachusetts rules of domestic procedure requires every party asking for financial relief to complete a financial statement showing assets, liabilities, and current income and expenses of both parties and their children. You should file the long form if your annual income is more than $75,000 a year before taxes.
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If your income is less than $75,000.00 annually, you must complete the short form financial statement, unless otherwise ordered by the court. Many of our clients ask us what kind of information is required in these forms. In massachusetts there are two versions of this form
A short form if your income is under $75,000 and a long form if your income is $75,000 or more
Many people find these forms confusing and we've compiled a list of helpful information for filling them out. While only the long form financial statement requires notarization of the party’s signature, both the short form and the long form are signed under the penalties of perjury A party signing a financial statement must certify that the information contained therein is true, accurate, and complete A willful misrepresentation on a financial statement can subject the party to sanctions.
The massachusetts probate and family courts recognize the financial implications of divorce and require financial statements to be filed with every case There are two types of financial statements Long form and short form. The financial long form is used in massachusetts probate and family court when a party’s annual income is $75,000 or greater
It is a detailed document that provides comprehensive information about a party’s financial situation, including income, expenses, assets, and liabilities.
Learn how to fill out a financial statement form, which you need for many types of cases in massachusetts probate and family court. Probate and family court financial statement (long form) (cjd 301l) you must file this form in all cases where money or support is an issue and your annual income is more than $75,000. In divorce, separate support and other domestic matters where money is at issue, the law requires financial statements be filed and served by both parties
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